What is the projected market size and growth rate of the Automotive Crankshaft Market?

-

Transparency Market Research (TMR) has recently published a market study on the global automotive crankshaft market, estimating the market to expand at a CAGR of 2.10% during the period from 2015 to 2021 and reach a market value of US$3 bn by the end of the forecast period.The research report, titled “Automotive Crankshaft Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021”, states that worldwide automotive crankshaft market stood at US$2.5 bn in 2014. 

The expansion of the worldwide automotive crankshaft market depends on the dynamics of the global automotive industry. Currently, the automotive industry is reporting an immense growth in the global arena, which is subsequently driving the global automotive crankshaft market. The huge capital required for R&D activities for the further advancement of crankshaft is, however, creating a severe challenge for the market, as per the report.The report analyzes the global automotive crankshaft market on the basis of the types of crankshafts, materials utilized, and the types of vehicles.

Based on types, the global automotive crankshaft market is classified into the markets for flat plane crankshaft and cross plane crankshaft. The flat plane crankshaft market is leading the overall market at present. Forged steel and cast iron are the primary materials utilized to make automotive crankshaft.The markets for light commercial vehicles, heavy commercial vehicle, sports utility vehicles (SUV), multi utility vehicles (MUV), passenger vehicles, and other vehicles are the major segments of the worldwide automotive crankshaft market on the basis of vehicle types. Among these, the market for passenger vehicles is likely to register the highest growth over the forecast period.

Get PDF brochure for Industrial Insights and business Intelligence @ https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=4976

The increasing disposable income among middle-class consumers has led to increasing preference for passenger vehicles, thereby fuelling the demand for automotive crankshaft to a great extent. In addition to this, the global market for automotive crankshaft is projected to experience a significant demand during the forecast period, owing to the escalating demand for diesel cars and heavy commercial vehicles across the globe, the report states.

North America, Asia Pacific, Europe, and the Rest of the World are the primary regional markets for automotive crankshaft. According to the report, the automotive crankshaft market in Europe led the global market in 2014 and was closely followed by the market in North America. High disposable income has raised the purchasing power of consumer in these regions, which has triggered the demand for automobiles and eventually, the demand for automotive crankshaft significantly.

Analysts expect these regional markets to exhibit a stable growth throughout the forecast period. It is, however, the automotive crankshaft market in Asia Pacific, which is likely to witness the highest growth in the coming years owing to the rapid rise in the automotive industry fueled by the increased affluence of consumers in this region.The growth in vehicle production in Rest of the World is also projected to support the automotive crankshaft market during the forecast period, notes the study.Bharat Forge, Amtek Auto, ThyssenKrupp, Mahindra CIE Automotive, NSI Crankshaft, Cigueñales Sanz SL, Bryant Racing, Maschinenfabrik ALFING KESSLER, Arrow Precision, and Tianrun Crankshaft are the key players functioning is the global automotive crankshaft market, states the market report.

The global automotive crankshaft market is segmented into:

By Crankshaft Types

  • Flat Plane
  • Cross Plan

 By Materials

  • Cast Iron
  • Forged Steel
  • Others

 By Vehicles Types

  • Heavy Commercial Vehicle
  • Light Commercial Vehicle
  • Passenger Vehicle
  • SUV
  • MUV
  • Others

Purchase our Premium Research Report at: https://www.transparencymarketresearch.com/checkout.php?rep_id=4976&ltype=S

About Us

Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.

TMR’s data repository is continuously updated and revised by a team of research experts so that it always reflects the latest trends and information. With extensive research and analysis capabilities, Transparency Market Research employs rigorous primary and secondary research techniques to develop distinctive data sets and research material for business reports.

Contact

Mr.Sudip S
90 State Street, Suite 700
Albany, NY 12207
Tel: +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Email: sales@transparencymarketresearch.com
Website: https://www.transparencymarketresearch.com

 

Comments

Post a Comment

Popular posts from this blog

How Have AI and Machine Learning Reshaped the Fire Alarm and Detection System Industry in 2024?

-
Image
Fire alarm and detection systems are electronic devices designed specifically to discover fires early in their development stage. They are regularly used in residential and commercial spaces to alert the occupants of a possible fire outbreak, thereby reducing property loss and casualties. These gadgets generally feature smoke detectors, temperature sensors, microcontroller panels, and electronic alarms to evaluate signals and provide accurate alerts. Nowadays, these systems are directly connected to water sprinklers; once these alarms are activated, the sprinklers are automatically turned on to doze off the fire in its early stages. Opportunities presented by the advent of advanced fire detection systems Over the years, the fire alarm and detection system market has grown significantly. The sector, which accounted for $60.51 billion in 2020, is anticipated to attain a revenue of $98.90 billion by 2030, growing at a CAGR   of 5.0% during 2021-2030. Several consumer electro...
Read more

How is Quantum AI Accelerating the Drug Discovery Process?

-
Image
 Artificial intelligence consists of a synergistic assembly of enhanced optimization strategies with wide application in drug discovery and development, providing advanced tools for promoting cost-effectiveness throughout the drug life cycle. AI specifically brings together the potential to improve drug approval rates, reduce development costs, get medications to patients faster, and help patients comply with their treatments. Accelerated pharmaceutical development and drug product approval rates further benefit from quantum computing technology, which enables larger profits from patent-protected industry exclusivity. Accelerating the discovery process with AI and quantum mechanics In October 2024, Researchers at Southern Methodist University developed an innovative tool, SmartCADD, that combines artificial intelligence, quantum mechanics, and computer-assisted drug design to accelerate the discovery of new treatments for various diseases. This open-source virtual platform shif...
Read more

A Brief Overview of Energy Efficiency and Fossil Independence in Telecom Network Infrastructure Industry

-
Image
Telecommunication firms are not immune to the environmental impact faced by other industries. The sector’s energy consumption and electronic waste generation have increased in the last few years due to a rapidly expanding global network and the proliferation of energy-consuming devices. The preference for adopting sustainable methods across all industries has encouraged operators to build out infrastructure that supports high-speed communications. Although many operators have pledged to support climate initiatives, some sustainability strategies are unattainable without additional changes. The telecom industry’s impact on the environment is primarily through energy consumption, e-waste, and the use of materials that require mining or other harmful processes. Given the scale of operations and the rapid expansion of networks, the telecom industry is expected to adopt more sustainable practices to reduce its carbon footprint. Energy efficiency in data centers without quality compromis...
Read more